Universal Banking

International Comparisons and Theoretical Perspectives

Jordi Canals

Universal Banking

International Comparisons and Theoretical Perspectives

Jordi Canals

Description

In the wake of the drastic changes that have occurred in the world banking industry over the past two decades, Professor Canals's new book addresses several important questions: are universal banks bound to disappear? What is the role of universal banks and financial markets in the context of deregulation and disintermediation? What should banks' strategic reactions be to changes in the industry such as diversification, internationalization, and restructuring? And what role do banks play vis à vis modern financial markets? Canals draws on up-to-date case studies from Europe, Japan, and the US to provide a provocative reassessment of universal banking.

Universal Banking

International Comparisons and Theoretical Perspectives

Jordi Canals

Table of Contents

1. The transformation of the banking industry and the theory of financial intermediation2. Capital markets versus bank intermediation3. The separation between commercial and investment banking: the case of the United States4. Universal banks versus specialized banks5. Universal banks and bank/non-financial company groups6. Germany: the relationship between banks and non-financial companies7. The Japanese main bank system and its influence on industry8. The Spanish financial model9. The internationalization of banking10. New organizational patterns in banking11. Universal banks, specialized banks, and the regulation of financial services12. The future of banking: some final ideas